12 Feb 2015
AUD/JPY sinks above 1% on dismal Aus jobs data
FXStreet (Mumbai) - AUD/JPY fell further to weekly lows in the early European session, extending losses from the previous session as traders continue to digest economic releases from Japan and the Oz economy.
AUD/JPY regains 92
Currently, the AUD/JPY trades lower by -0.96% on the day, at 92.05 levels, having previously posted fresh session lows at 91.77 levels. AUD/JPY shaved-off previous gains and fell further in the European morning as traders continue to weigh Australia's labor market report which showed that jobs growth weakened substantially in January, with the unemployment rate rising and net job growth receding.
Moreover, robust Japanese machinery orders data also bolstered the yen against the Australian dollar, knocking the cross off to fresh weekly lows. At the moment, AUD/USD traded -0.76% lower at 0.7657 levels, while USD/JPY declined -0.20% at 120.20 levels.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 92.87 levels and above which it could extend gains to at 93.13 levels. To the downside immediate support might be located at 91.77 levels below that at 91.53 levels.
AUD/JPY regains 92
Currently, the AUD/JPY trades lower by -0.96% on the day, at 92.05 levels, having previously posted fresh session lows at 91.77 levels. AUD/JPY shaved-off previous gains and fell further in the European morning as traders continue to weigh Australia's labor market report which showed that jobs growth weakened substantially in January, with the unemployment rate rising and net job growth receding.
Moreover, robust Japanese machinery orders data also bolstered the yen against the Australian dollar, knocking the cross off to fresh weekly lows. At the moment, AUD/USD traded -0.76% lower at 0.7657 levels, while USD/JPY declined -0.20% at 120.20 levels.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 92.87 levels and above which it could extend gains to at 93.13 levels. To the downside immediate support might be located at 91.77 levels below that at 91.53 levels.